Eterneva Shark Tank Update

Eterneva is a company that specializes in creating diamonds from the ashes or hair of loved ones who have passed away.

They offer a variety of services, such as creating jewelry with these diamonds and providing a way for individuals to honor and remember their loved ones in a unique and meaningful way.

Eterneva is based in Austin, Texas. They believe that a bright diamond brings positivity and memories. One is free to choose the color of love and the name of the loved one carved on the edge.

The diamonds are made from the carbon in the ashes. The process is called a “memorial diamond” and allows customers to create a lasting and tangible reminder of their loved ones.

They have a team of experts in the fields of grief, funeral service, and diamond making, to ensure that they can provide a high-quality and compassionate service to their customers.

Eterneva’s diamonds are created using chemical vapor deposition (CVD) which is commonly used in the diamond-making industry. The process involves extracting the carbon from the ashes or hair, purifying it, and then using it as the raw material for creating the diamond.

Eterneva at a glance-

IdeaAshes turned Diamond, a unique memory
FoundersAdelle Archer and Garrett Ozar
Asked For$600,000 for 5%
Accepted Deal$600,000 for 9% equity
SharksMark Cuban
Business statusIn Business
Episode No.Season 11, Episode 3

Index:

Founder Story:

The founders of Eterneva are Adelle Archer and Garrett Ozar. They founded Eterneva in 2016, with a mission to help people remember their loved ones in a special and meaningful way.

They have been featured in various publications such as Forbes, Inc., and Entrepreneur for their innovative approach to the diamond industry and their commitment to providing a high-quality and compassionate service to their customers.

The founders, Adelle Archer, and Garrett Ozar were inspired by their own experiences with loss and the desire for a tangible reminder of their loved ones.

In 2015, Adelle’s mentor Tracy was diagnosed with pancreatic cancer. Her death was a great loss to her and her family. As a keeper of her ashes, Adelle found a way to create a beautiful and authentic memory of hers.

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They also saw an opportunity to provide a new way of creating diamonds that is more sustainable, and more ethical than traditional diamond mining methods. And also provides a new way to honor the memory of loved ones, which is both beautiful and unique.

They worked with scientists and diamond experts to develop the technology and processes needed to create high-quality, certified diamonds from these materials.

Did Eterneva get a deal on Shark Tank?

Yes, Eterneva pulled off the deal with Mark Cuban, but after a lot of negotiation and convincing they want the sharks to invest. The company cracked the deal with Mark Cuban.

What happened to Eterneva after Shark Tank?

It looks like the company was already growing and successful as it had many investors. The company is also associated with Baylor University for grief research.

Today the revenue of the company is $1.1 Million. During the pitch or we can say before the shark tank, the company had already raised $1.2 Million at the valuation of 10 Million.

Competitors of Eterneva?

  • Life Gem
  • Heart in Diamond
  • Apollo Diamond
  • Lightbox Jwellery
  • Lonite
  • Damiani
  • Taylor and Heart

What’s the net worth of Eterneva?

The net worth of the company during the pitch was $12 Million, which was brought down to half ~$6 Million after the deal. It previously raised $ 1.2 million at a $10 Million valuation in venture capital.

Is the company still in business?

The company is not only in business but thriving in it. They have started their facilities in Switzerland and Germany too.

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FAQs:

What is Eterneva ?

Eterneva is a company that specializes in creating diamonds from the ashes or hair of loved ones who have passed away.

What's the net worth of Eterneva ?

The net worth of the company was $12 Million, it generated $10 Million in venture The net worth of the company during the pitch was $12 Million, which was brought down to half ~$6 Million after the deal. It previously raised $ 1.2 million at a $10 Million valuation in venture capital.

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